Financial transaction tax 'would kill City of London'

As head of leading financial transactions company ICAP with a multi-million pound turnover, Michael Spencer is no fan of financial transaction tax.

He tells Evan Davis how such a tax would force him to move his company out of the UK.

Michael appeared on The Bottom Line which is broadcast on BBC Radio 4 and BBC World Service. Subscribe to the podcast or watch it on the BBC News Channel.

Find more business wisdom from other chief executives on the My Bottom Line website.